Thursday, July 29

Private Equity

Berkshire Hathaway, Kirby, m&a, Markets, MI Exclusive, Private Equity, Right Lane Industrial, Scott Fetzer, vacuum cleaners, Warren Buffett

Warren Buffett’s Berkshire Hathaway sold Kirby after 35 years. The vacuum-cleaner company generated 5% of Berkshire’s profits at one point

Warren Buffett. Carlos Barria / Reuters Warren Buffett's Berkshire Hathaway sold Kirby after 35 years of ownership. The investor bought Scott Fetzer, the vacuum-cleaner brand's parent company, in 1986. Kirby once generated 5% of Berkshire's profits, and Buffett ranked it among his best businesses. See more stories on Insider's business page. Warren Buffett's Berkshire Hathaway recently sold Kirby after 35 years of owning the vacuum-cleaner company. The famed investor's conglomerate rarely sells businesses, and Buffett once prized Kirby as one of Berkshire's best subsidiaries, making the transaction a notable one.Berkshire sold Kirby to Right Lane Industries, an industrial holding company that seeks to acquire US-based manufacturing and industrial-services companies, invest in the...
3G Capital, Big Box, Fast Food, Food, Kraft Heinz, Private Equity, Retail

Kraft Heinz employees say their budget was cut so much they had to bring their own coffee to work and could only spend $5 a year on office supplies

Kraft Heinz employees told Insider about the scant resources and high turnover. Cuts backed by private equity firm 3G Capital have forced employees to bring in their own coffee. Subscribe to read Insider's full story on Kraft Heinz's corporate culture. See more stories on Insider's business page. The merger of Kraft and Heinz brought lots of changes to the food company. But one of the most immediate was to employees' food options at the company's Chicago headquarters.Within a month of the merger closing in 2015, Kraft Heinz also removed fridges that held snacks for company employees. While it provided Keurig machines, the company d...
Banks, Careers, Finance, Hedge Funds, Hiring, Private Equity, Subscriber Collection, Teaser

Wall Street’s biggest hiring trends: what insiders and recruiters are saying

Recruiters have been busy making hires in hot areas like healthcare-focused investment banking. Traders have also been on the move after a massive year of revenue hauls. From trading to investment banking, these are the biggest hiring trends on Wall Street. See more stories on Insider's business page. Insider has been tracking Wall Street hiring and talking with recruiters and insiders about the biggest trends.Top healthcare bankers are in high demand, with one recruiter describing search requests from clients as being "extremely, extremely active." Banks are racing to lateral hire more analysts. And credit are locking in guarant...
Construction, construction tech, Fundraising, Investing, Pitch Deck, Pitch Decks, Private Equity, PropTech, Real Estate, real estate tech, Tech Insider, Venture Capital

See the pitch decks that buzzy real estate and construction tech startups used to raise millions from top VCs

Proptech firms were already hot, but the pandemic lured more VCs to invest in them than ever before. Real estate and construction tech tools became essential to many businesses once they went remote. These pitch decks reveal how 16 different startups pitched their visions and products to investors. See more stories on Insider's business page. The real estate and construction industries are undergoing a major tech transformation, as startups touting everything from online home-buying to interactive office management software attract millions of dollars in venture funding.While the property technology space, known as proptech, grew i...